Credit Suisse’s Brazilian Hedge Fund Honcho Seeks Own Unit

Sep 27 2010 | 3:12pm ET

A Brazilian Credit Suisse hedge fund manager is pushing to launch his own money management firm under the Swiss bank’s aegis.

Luis Stuhlberger is in talks with Credit Suisse to establish an independent fund management group within the firm, Valor Economico reports. Stuhlberger manages Credit Suisse’s Hedging-Griffo Fundo Verde, Brazil’s largest hedge fund with nearly US$6 billion in assets under management.

Stuhlberger reportedly wishes to be more vocal, without harming Credit Suisse’s image, according to the newspaper. His recent remarks on the country’s economic policies have caused concern at Credit Suisse, which has a large investment banking business in Brazil.

“There are talks about a new work arrangement with Credit Suisse, but nothing outside the bank,” Stuhlberger told Valor Economico. Stuhlberger’s non-compete agreement with the bank runs through 2015.

Credit Suisse currently owns half of Hedging-Griffo and is set to buy the rest at the end of next year.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note